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According to the NA-assigned targets, Vietnam’s GDP growth rate in 2020 will be 6.8% while inflation will be kept below 4%. However, the unexpected outbreak of COVID-19 in more than 200 countries around the world has made this goal a major challenge which, as assessed by the Government, is difficult to be achieved. Given that fact, the proposal to adjust the growth targets is necessary and consistent with objective reality, looking directly at the socio-economic situation and forecasting the international and domestic situation in the near future. Under the Government’s updated scenario, the country’s GDP will grow by about 4.5% in 2020. The Government has also set a higher growth target of 5.4% in the event of a favourable global situation, with the disease being put under control and the global market recovering. Meanwhile, the consumer price index (CPI) for the whole year will rise by 4% on average; total state budget revenue will see a reduction of VND163 trillion … [Read more...] about BUSINESS NEWS HEADLINES MAY 30

The two sides agreed to continue discussing their coordination in managing land border and organizing activities to mark the 20th anniversary of the signing of the Vietnam-China Land Border Treaty, the 10th year implementing three legal documents on land border. They also agreed to conduct joint border inspections in accordance with the Agreement on Vietnam - China land border management regulations and the Protocol on land border demarcation and marker plantation at a suitable time. … [Read more...] about General secretaries of Committee for Vietnam–China Bilateral Cooperation hold online meeting

Lazada live streaming (LazLive) witnessed new record-high numbers in Vietnam on May 28, drew nearly 5000 views and more than 30.000 likes. HO CHI MINH CITY, VIENAM - Media OutReach - May 29, 2020 - Vietnamese users joined LazLive starting from 8.00pm to catch the massive discounts, chances to get 500 big discount coupons and 55" New Smart TV along with other gifts from the Coocaa S6G TV launch event. During these 2 hours, 1000 new products were immediately sold at the lowest pre-sale prices. … [Read more...] about Coocaa S6G TV breaks e-commerce live streaming record on Lazada Vietnam with 1000 in sales

Tran Minh Trung, deputy general director of VinSmart Research and Production Company, said: “The milestone of Top 3 market share with over 1.2 million phones sold opened a new stage of development for VinSmart. After the goal of spreading the market for Vietnamese people to use Vietnamese phones widely with the best quality and price, VinSmart is ready to target the mid-range and high-class in a more trendy segment. Currently, we have reached an agreement to co-operate with the world's leading international partners in the field of technology, such as Google, Fujitsu and Pininfarina to bring a high-class experience to Vsmart products in the future." … [Read more...] about More than 1.2 million Vsmart mobilephones sold